Kryll is an automated trading platform that has gained a lot of popularity in recent years. However, the main question that many investors ask themselves is: is Kryll really trustworthy? In this article, we’ll explore different aspects of the platform to help you decide if it’s the right choice for you. Stay with us to find out everything there is to know about Kryll and its safety
Kryll, everything you need to know
Kryll, a pioneer in the sector, presents a user-friendly, flow-based platform for creating automated trading strategies, including some of the most advanced algorithmic cryptographic trading bots. This review does not constitute financial advice, but it aims to provide a clear overview of the ideal platform for cryptocurrency traders
Kryll, founded in 2018, offers an intuitive interface that supports well-known cryptocurrency exchanges such as Bitfinex, Binance, Poloniex, Cryptopia, FTX, Bitstamp, Kraken, and more. Access is possible through Android and iOS devices, and payments can be made with credit cards, cryptocurrencies, and more.
How Does Kryll Work?
The platform allows users to automatically create and configure their trading strategies. The integration of the exchange account requires the use of API keys, ensuring data security. The process of building the strategy is detailed, but the platform ensures that the user does not have to have programming knowledge
Key Features of Kryll
Drag and Drop Flow Chart
The drag-and-drop editor allows users to develop trading strategies without coding skills. By using linked blocks, it is possible to identify components such as price triggers, candle patterns, and technical indicators
Kryll’s algorithm offers stop-loss and take-profit techniques to limit losses and maximize profits
when trading cryptocurrencies.
Pros and Cons of Kryll
Simple and Direct Interface
Support for Major Exchanges
Availability of Mobile Apps
Free Demo and Backtesting option
Using Robust Strategies
Reasonable Fee Structure
Limited Support on Some Exchanges
Complicated Pricing Structure
Mandatory Use of the KRL Token
Potentially Unstable Kryll Market
Plans and Prices
Kryll offers a flexible pricing structure, allowing users to pay only for the strategies used. Plans vary based on the number of KRL tokens held, offering benefits such as commission discounts and backtest speeds
The Marketplace allows users to rent trading strategies from other traders, creating an ecosystem where it is possible to earn commissions by sharing successful strategies
The KRL token is at the heart of the Kryll ecosystem, used to pay operating commissions, payments to developers, and as a medium of exchange
Mobile App and Customer Support
Kryll offers a user-friendly mobile app and supports users through live chat, social media, email, and ticketing system
In conclusion, Kryll is an effective cryptocurrency trading bot, although its pricing structure may seem complex. The platform offers a solid base for users who want to explore automated cryptocurrency trading.
Kryll Frequently Asked Questions
Kryll: Legitimacy and Security
Kryll stands out for its proactive approach to security. The platform does not require permissions for public API withdrawals, ensuring that new traders’ funds are securely stored on various exchanges. Implementing two-factor authentication (2FA) is recommended to protect accounts. Regular auditing ensures the complete security of the platform, and traders are invited to verify the ETH address on their account to prevent fraudulent activity
The Role of the Kryll Token (KRL)
The KRL token is the core of the ‘pay for what you use’ model on Kryll. These tokens are spent on the platform to fuel live trading techniques. No additional costs, no hidden subscriptions, or trading fees.
How to Use Kryll
The platform, operating 24/7, offers complete integration with Tradingview for technical analysis focused on customer convenience. Key steps to get started include creating a Kryll account, owning an account funded on Liquid, Binance, or Bittrex, setting up the exchange on Kryll, and enabling API access. KRLs can be deposited directly or purchased with other cryptocurrencies
Safety is at the heart of Kryll’s operations. In addition to 2FA, it is recommended to protect the exchange account to ensure complete protection
Separate Account for Kryll Strategies
For those who make numerous manual exchanges, we suggest using a separate account to use Kryll. This helps prevent potential conflicts and ensures a smooth experience
Kryll Creation Date
Kryll was launched in February 2018 by a French team specialized in automated trading strategies
KRL on Binance
Despite its popularity, the KRL coin is not listed on Binance for
the time being.
Amount of Kryll Coins
Currently, the circulating supply of KRL is 38,446,598, with a maximum supply of 49,417,348